RE:My take on BIR
BIR churns along unhedged. Some risk there for sure.
BIR does have great property synergy with Advantage (AAV) assets but I am challenged to understand why either would do an M&A deal unless one of the teams wanted to retire and stare at the beach.
If BIR is ever in sale mode (which is possible, because teeth are long there) their SP is elevated now for sure.
I own AAV, not BIR, based on respect for AAV management. AAV also has majority ownership of Enropy Inc., a CCS story, which is a big plus/kicker.